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Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 12:04 pm
by Trades with cats
Small caps bouncing on Friday's VWAP. Not sure how dr ahead of the large cap indexes they are willing to go. But as the rest of the market turns it could get nasty but that is most unlikely on a Monday!

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 12:10 pm
by te_fern
Levered Semi's are starting to fill the lower gap...

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 12:12 pm
by te_fern
66.00 seems to be major resistance for the levered smalls....

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 12:48 pm
by te_fern
Short term top seems to be holding at 2591 on the SPX.

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 1:07 pm
by Cobra

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 1:24 pm
by te_fern
Playing off this pullback in the semi's. We'll see...

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 1:53 pm
by Cobra
now bias is up.

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 2:08 pm
by Al_Dente
Tech Stocks Accounted For 75% Of The Market's October Return … the sector's 24.5% weight in the S&P 500 is now the highest since October 2000… and a remarkable 30% of all active fund holdings today, the highest levels in BofA data history since 2008
[Pasta here: recall that 2000 and 2008 didn’t end very well….]
http://www.zerohedge.com/news/2017-11-0 ... ber-return

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 2:14 pm
by Al_Dente
[add on: note that today is the 4th trading day of nov :shock: ]
ALMANAC (old post, dated oct 30)
“Typical” November pattern
http://jeffhirsch.tumblr.com/post/16695 ... y-and-late

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 2:26 pm
by te_fern
So far so good, need to get over the VWAP. Looking for a push to the high of the day....

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 2:50 pm
by Trades with cats
RTY 12-17 (300 Tick)  11_6_2017.jpg

Small caps obeying pivot points today. Again, the best reason I have heard is that the early programmers put the daily pivot calculation deep in the source code of the Algos. :lol:

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 3:33 pm
by Al_Dente
tax reform bill is dead for now
john mccain
susan collins
bob corker

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 3:40 pm
by Trades with cats
Looks like the small caps have shaken off John McCain's death forecast for the tax bill.

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 3:42 pm
by Trades with cats
I want to get on my soap box and say it isn't over yet for the tax bill. There is just way too much lobby money out there to turn it off this fast. The longer they debate the more cash is collected and donated.

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 4:02 pm
by Al_Dente
HAPPY HOUR
shepherd.png.png

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 4:02 pm
by brokebybernacke2
Trades with cats wrote:I want to get on my soap box and say it isn't over yet for the tax bill. There is just way too much lobby money out there to turn it off this fast. The longer they debate the more cash is collected and donated.


tax bill will die...eventually...

ride this climb, not many left!

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 4:05 pm
by Daniel
"The longer they debate the more cash is collected and donated."

-Excellent. Increase the velocity of money, economic stimulus. M1 boost.

:)

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 4:10 pm
by Al_Dente
te_fern wrote:So far so good, need to get over the VWAP. Looking for a push to the high of the day....

:D
boss: what is your stop?

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 4:11 pm
by Daniel
Woohoo. Closing hour Bear-beware alert: Both RVX and VXN simultaneously hitting LOD.

:|

Re: 11/06/2017 Live Update

PostPosted: Mon Nov 06, 2017 4:13 pm
by Daniel
Scattering of sectors hitting HOD here, QQQ close to it.

SLV up >2%... almost all of that gain since the Open. Asian markets closed.